LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034.

B.B.A / B.A. corporate – DEGREE EXAMINATION

FourTH SEMESTER – APRIL 2003

EC 4204 / ECO 204  –  GENERAL ECONOMICS

 

29.04.2003

9.00 – 12.00                                                                                                     Max : 100 Marks

                                                                PART – A                                         (5´ 4=20 marks)

      Answer any FIVE questions in about 75 words each.

 

1. Write a short note on Indifference curve.
2. What is production function?
3. Distinguish between Gross National Product and Net National Product.
4. What is meant by Average Propensity to Consume?
5. What is meant by Open market operation?
6. Explain the term ‘Liquidity Trap’.
7. What is meant by Deficit financing?

 

 

                                                                PART – B                                       (4´ 10=40 marks)

      Answer any FOUR questions in about 250 words each.

 

8. What is meant by by Division of Labour? What are the advantages and Disadvantages of Division of Labour?
9. Explain the Ricardian theory of Rent.
10. Explain the objective factors influencing the level of consumption expenditure.
11. State and explain the Concept Marginal Efficiency of Capital.
12. Explain the factors affecting supply of money.
13. Explain the various types of qualitative credit control weapons.
14. Define budget and explain various types of budget.

 

 

                                                               PART – C                                         (2´20=40 marks)

Answer any TWO questions in about 900 words.

 

15. Explain the Law of Variable Proportion.
16. Explain the Keynesian theory of Income and Employment.
17. How do banks create credit? What are the limitations on the power of banks to create credit?

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

Date

Time

:

:

03/11/2012

1 :00 – 4 :00

Dept.No.

Max. : 100 Marks

B.Com. DEGREE EXAMINATION – COMMERCE

FIRST SEMESTER – NOVEMBER 2012

EC 1101 – GENERAL ECONOMICS

 

 

PART – A

Answer any FIVE questions in about 75 words each:                                                                            (5 x 4 = 20)

1. State Robbins scarcity definition.
2. Is market demand affected by price expectations? – Explain.
3. What are the FIVE types of price elasticities?
4. Distinguish between GNP and GDP.
5. Write a short note on Marginal Propensity to Consume.
6. Bring out the relationship between MC and AC curves.
7. Define and briefly explain the term ‘Velocity of Money’.

 

PART – B

Answer any FOUR questions in about 300 words each:                                                                   (4 x 10 = 40)

8. Explain the deductive and inductive methods and their uses.
9. Enumerate the merits and demerits of direct and indirect taxes.
10. ‘The demand curve need not always be a downward sloping curve’ – Explain.
11. Give an account of the various features of Perfect Competition.
12. Explain the ‘Objective Factors’ that influence the consumption function.
13. Explain the various features of labour as a factor of production.
14. Analyse the functions of money.

PART – C

Answer any TWO questions in about 900 words each:                                     (2 x 20 = 40)

15. Explain in detail how the Central Bank controls Money Supply.
16. Illustrate the long-run and short-run equilibrium in a Monopoly market.
17. Explain the various methods of measuring National Income and enumerate the difficulties in measuring National Income.
18. What are the causes of inflation and suggest remedies?

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